June 24, 2015 - June 26, 2015

Manpasand Beverages IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Manpasand Beverages IPO. has "Neutral" view about the IPO. recommend to "Avoid" the IPO.

Manpasand Beverages IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	1	1	0
%	0.00	33.33	33.33	33.33	0.00

Manpasand Beverages IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
	Neutral
Dilip Davda	May Apply
	Avoid

Manpasand Beverages IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Manpasand Beverages IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	40	Avoid, however active risk seekers can try

Manpasand Beverages IPO Review by Dilip Davda (May apply)

[Dilip Davda]

However, if we annualized these earnings and attribute to its post IPO equity then asking price is at a P/E of 85 and is at a P/BV of 6 plus making it aggressively priced offer. Although it has no listed peers and is the first to go for listing with this kind of business module, it might attract fancy, but based on its pricing, it appears to be “High Risk/Low return” bet. Management has claimed that there are very few organized players in this segment that is growing at rate of 20% plus annually and MBL has a minor market share hence it hopes for bright prospects going forward.

This IPO’s BRLMs’ mandates have mixed trends on performance post listing.

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Author has no plans to invest in this offer.

(Email: dilip_davda@rediffmail.com)

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